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A businessman accused of stealing more than $50 million from hundreds of people in upstate New York as part of a massive Ponzi scheme pleaded guilty this week to charges stemming from the fraud, according to the state attorney general. …

A New Jersey jury has awarded $5.2 million to a Watchung man who suffered spinal injuries after being hit in an accident in a Costco parking lot in 2017. The jury rejected the claim by the other driver and his …

The Workers’ Compensation Insurance Rating Bureau of California has submitted a September 1, 2026, pure premium rate filing to the California Insurance Commissioner proposing advisory pure premium rates that will be on average 10.4% above the average approved September 1, …

The Insurance Industry Charitable Foundation celebrated more than $670,000 in IICF Community Grants awarded across the region to 78 nonprofit partners at its 11th annual IICF Western Division Horizon Award Gala. The event was held drew insurance leaders from across …

Reflecting the property protection philosophy that has driven the company for nearly two centuries, commercial property insurer FM has earned a Guinness World Records title for the world’s largest display of fire sprinklers. A total of 1,007 sprinklers line the …

California regulators apologized to SpaceX CEO Elon Musk this week as they settled a lawsuit that claimed a state agency showed political bias against the rocket company and its chief executive. As part of the settlement, the California Coastal Commission …

Insurtech car insurance provider Root said it has started a 24-hour agent appointment program to allow independent insurance agents to complete onboarding and begin selling policies in as little as one day. Root Insurance said traditional insurance carrier onboarding often …

First quarter 2026 underwriting income in American International Group’s (AIG) General Insurance segment increased nearly 220% compared with the prior year, to $774 million. Financial results for the first three months of the year included catastrophe losses of $180 million, …

Marsh Appoints Silberberg Energy & Power Infrastructure Leader, Marsh Risk, US & Canada Marsh appointed Joanne Silberberg to the newly created role of energy and power infrastructure leader, Marsh Risk, U.S. and Canada. Silberberg will work closely with Marsh’s energy …

Marsh McLennan Agency (MMA) announced that it has reached an agreement to acquire TriBridge Partners, an independent benefits broker and retirement and wealth advisor headquartered in Columbia, Maryland. Terms of the acquisition were not disclosed. TriBridge Partners was founded in …

U.S. District Judge Henry E. Autrey this week sentenced former St. Louis Alderman Brandon Bosley to 16 months in prison for insurance fraud and lying to the FBI. Bosley will be on supervised release for three years after his release …

Two young people have been arrested in an alleged plot to attack a Texas synagogue that involved driving through the congregation to “kill as many Jews as possible,” according to authorities and court documents. The arrests come a month after …

This edition of International People Moves details appointments at Apollo and The Fidelis Partnership. Apollo Launches Int’l Casualty Reinsurance Business, Led by Berkley Re’s Mackenzie Apollo, the London-based subsidiary of Skyward Group, announced the launch of an international casualty reinsurance …

The Department of Justice announced a proposed settlement with Cleveland-Cliffs Steel Corporation (Cliffs) requiring it to address releases of hazardous waste at its Middletown Works facility. Under the proposed consent decree, Cliffs will perform long-term corrective measures to comply with …

Insurance broker Lockton announced it has secured a reinsurance license in the Kingdom of Saudi Arabia, which marks the next phase of Lockton’s geographical expansion and reflects the firm’s broader international strategy to deliver tailored facultative and treaty solutions to …

Insurtech Hippo reversed a first quarter net loss of $47.7 million last year and posted net income of about $7.1 million for the first three months of 2026. Results a year ago included total catastrophe losses of $53.4 million, of …

Iran said on Thursday it would respond with “long and painful strikes” on U.S. positions if Washington renewed attacks and restated its claim to the Strait of Hormuz, complicating U.S. plans for a coalition to reopen the waterway. Two months …

Alliant Insurance Services, headquartered in Irvine, California, added Matthew Friedson to its employee benefits group as first vice president. Based in Bethesda, Maryland, he will work with clients throughout the Northeast to tailor executive benefits and financial strategies for their …

Brown & Brown acknowledges that the cost of the Howden-driven talent war has risen to $31 million in annual revenue. “At the end of March, the startup [Howden] has taken customers representing approximately $31 million of annual revenue as compared …

The Texas Medical Board is proposing tighter regulations around ketamine, a popular fast-acting sedative used to treat mental illness, including more physician oversight during administration of the drug and banning in-home use of it. The revised rules are expected to …